That "btc not crypto" bullshit is moronic, to say the least. I feel that btc became kind of a religion, with true belivers and true grifters, like any other church. Usualy the true believers are the ones oaying for the grifters good life and maintaing them in positions of power. Case in point: microstrategy. The moment they began talking about etfs I knew it was ovet and it was time to find a good oportunity to liquidate. A shame realy, cause this was a beautiful idea, but I am out.
It doesn’t matter who owns how much. It will eventually be distributed further.
It’s simple - mistakes are going to happen. Bitcoin is incredibly easy to lose. Very very hard to gain. That’s the point!
Think of it this way:
You lose 10%. Now, to recoup, you have to gain 11%. Lose 30%, you have to gain 42%. And so on.
As it exchanges more and more hands, bits get broken off. It gets splintered.
The ultimate end for any wallet is to have handfuls of sats in it.
It keeps getting said, but people really don’t get it: we are so, so early.
I expect wrench attacks to become common. I expect nation states to seize bitcoin from anyone they can. I expect the on-ramps to bitcoin to be shut down to all but “licensed” bankers, but the off-ramps to be plentiful.
And if not? If there is no interest in bitcoin by the bankers, authorities, the infrastructure corps, et al? Then bitcoin grows ever more slowly while becoming more distributed and more decentralized. If it survives, it just gets stronger.
The only way it dies is if everyone just accepts their fate and rolls over - which history is against, on a global scale - OR something better comes along.
The history of money is clear. Strong money drives out weak money. It always has. Our little fiat experiment? A cosmic blip when compared to hard money. It’s easy to forget that. But that’s the kind of timescale we are talking about for bitcoin. History tells us that bitcoin’s “end game” is likely decades away. So, so early.
